Bitcoin exchange rate stable in the region of $6,470. Market analysis for October 23

Bitria “news” bitcoin exchange Rate stable in the region of $6,470. Market analysis for October 23

The last day of the cryptocurrency market capitalization remains the same and is $209, and the exchange rate of bitcoin fell by 0.8% and the cost is $6,475. The rest of the cryptocurrency market shows a slight fall in the range of 0.7-2.2 percent.

BTC/USD has found decent support in the $6,350 – $6,400. But this does not indicates that consumer sentiment is strong enough to break above the giant downward trend line. BTC/USD formed another Doji on Sunday, confirming a balance between bulls and bears. Now, the market is in a long term bearish bias, so any of these protracted conflicts in the short term may enhance your mood previous sales.

Since the period of low volatility is often accompanied by a large movement, we can expect more vigorous trading activity in the near future-perhaps on the higher side. However, it is worth noting that bitcoin is trading in a narrow range for several months, and promised a steady transition to the bulls or the bears has still not materialized.